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- Title
Year-End Strategies for Pension & OPEB Obligations and Expense.
- Authors
Akresh, Murray S.; Sher, Lawrence J.
- Abstract
The article highlights the important implications of changing year-end assumptions and other related issues of pension and other postretirement benefits, including the impact on funding and Pension Benefit Guarantee Corp. (PBGC) premiums. It also provides employers with an action plan. In light of the requirements of Financial Accounting Standards (FAS) 87/106 and the U.S. Securities and Exchange Commission staff concerns, employers should assess the discount rates to be used for measurements under FAS 87/106 as well as other important assumptions, design and methodology changes and related disclosures, both for year-end disclosure and the determination of 1999 expense. In addition, funding and PBGC-related changes should be considered.
- Subjects
UNITED States; PENSIONS; EMPLOYEES; PENSION Benefit Guaranty Corp.; ACCOUNTING standards; RETIREMENT benefits; DISCLOSURE in accounting
- Publication
Journal of Corporate Accounting & Finance (Wiley), 1999, Vol 10, Issue 2, p105
- ISSN
1044-8136
- Publication type
Article
- DOI
10.1002/1097-0053(199924)10:2<105::AID-JCAF12>3.0.CO;2-X